Redrow has agreed the sale of 249 new build homes at its North London community, Colindale Gardens, to Barnet Council. The exchange of contracts follows the Council’s ambitious commitment to deliver 1,000 new affordable homes by 2026.
This collaboration between Redrow and Barnet Council will help to address the need for high-quality, affordable housing within the borough. The majority of the new homes, ranging from studios to three-bedroom family apartments, will be made available for rent starting in October 2023. The remaining homes will follow in January 2024.
The 249 homes are part of the latest phase of the housebuilder’s Colindale Gardens development, which prioritises design that maximises space and features modern amenities such as a residents-only gym and concierge service. Additionally, the proximity to the four-acre park and Colindale Tube Station ensures convenient access to green spaces and transportation links.
Paul Muldowney, managing director of Redrow London, said: “We are delighted to collaborate with Barnet Council in providing 249 new homes for affordable rent. At Redrow, we are committed to making a positive impact on the local community and we firmly believe that everyone deserves access to safe, comfortable, and affordable housing. We look forward to seeing our homes become vibrant spaces where families and individuals from all backgrounds are able to thrive.”
Cllr Ross Houston, deputy council leader and cabinet member for homes & regeneration welcomed the announcement, saying: “As a council, we care for our people and that means providing high-quality, affordable housing. We have seized this unique opportunity to take a big step forward in our commitment to deliver 1,000 council homes by 2026. It represents really good value for money and will make considerable savings on temporary accommodation costs the moment new tenants are able to move in this year.”
“Delivering the right homes to meet diverse needs now and for future generations, that people can afford and are in the right places, is a key priority and challenge for the council. We are London’s second-largest borough by population but have the sixth-lowest stock of social housing. Many of our residents are deeply affected by the acute housing shortage and sky-high rents, so providing more genuinely affordable housing will help those at the sharp end of the cost-of-living crisis.”
